Aeon Metals — RIU Sydney Resources Round-Up April 2018
19 slides from Aeon Metals's conference presentation, April 2018
Slide 1: Walford Creek: A World Class Copper-Cobalt Project
WALFORD CREEK: A WORLD CLASS COPPER-COBALT PROJECT RIU Sydney Resources Round-Up April 2018
Slide 2: Important Information
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Board & Management Team and Capital Structure
BOARD & MANAGEMENT TEAM AND CAPITAL STRUCTURE 586M SHARES OUTSTANDING A$15M A$0.35 A$205M A$15.8M 2 LIMITED SHARE PRICE 1 MARKET CAP1 CASH RECOURSE 85M3 VENDOR DEBT4 VENDOR WARRANTS CHAIRMAN, PAUL HARRIS 25 years’ experience in financial markets and resources investment banking. Previously MD, Head
Slide 4: Leverage to Battery Metals Growth
LEVERAGE TO BATTERY METALS GROWTH COBALT • Structural shift in technology - Cobalt major input metal to rechargeable lithium-ion batteries for EV market. • Global demand forecast to increase by more than 30% in the next three years. • Ethical cobalt demand prominence to rise. COPPER • Supply deficit
Slide 5: A World-Class Copper-Cobalt Project
A WORLD-CLASS COPPER-COBALT PROJECT 100% AML owned Walford Creek Project The highest grade significant cobalt deposit in Australia - containing +44kt Cobalt. Material upside along +20km strike HISTORICAL DRILLING +50,000m ▪ 1989-1996: WMC 93 holes (DD/RC) = 16,100m ▪ 2004-2006: Copper Strike 30 hole
Slide 6: Geological Code Unlocked
GEOLOGICAL CODE UNLOCKED Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3). PYI from ~25m. PY3 from ~140m PY1 Sedimentary exhalative (SEDEX) deposit - Massive sulphides Pyrite lenses containing Pb-Zn-Ag. Secondary event: Cu-Co h
Slide 7: Second Round 2017 Drill Holes Significant Assays
Second Round 2017 Drill Holes Significant Assays Second Round 2017 Drill Holes1 Examples of historical holes2 Copper Lode + Cobalt Peripheral Resource – Long Section Copper Lode Resource blocks Cobalt Peripheral Resource blocks ~3.6km Marley Zone Vardy Zone Hole WFDD263: Hole WFDD267: • 25m @ 2.20%
Slide 8: Walford Creek Cu-Co (Zn-Pb-Ag) Deposit
Walford Creek Cu-Co (Zn-Pb-Ag) Deposit Basin Wide Mineral System with ‘World Class’ Potential AEON METALS 2018 AEON METALS | ASX:AML ps
Slide 9: Copper Lode Resource
COPPER LODE RESOURCE 15.7mt @ 1.24% Cu and 0.15% Co Category Mt Copper Lead Zinc Silver Cobalt Pyrite • also 0.98% Pb, 0.82% Zn and 34g/t Ag % % % g/t % % Measured 1.2 1.25 0.89 0.81 26.3 0.16 44.4 Copper Lode Resource determined utilising same ordinary kriging Indicated 3.8 1.19 0.69 0.88 23.6 0.14
Slide 10: Cobalt Peripheral Resource
COBALT PERIPHERAL RESOURCE Category Mt Copper Lead Zinc Silver Cobalt Pyrite 18.0mt @ 0.11% Co % % % g/t % % • Also 0.16% Cu, 1.03% Zn, 0.85% Pb and 22g/t Ag Measured 1.8 0.13 0.54 1.16 17.4 0.12 47.4 Cobalt Peripheral Resource additional to Copper Lode Resource Indicated 6.5 0.17 0.66 1.13 17.8 0.1
Slide 11: Exploration Upside
EXPLORATION UPSIDE Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3) Current JORC Resource defined along 3.6km strike length of the FRF zone FRF Zone (including Resource) extends for +20km within the Walford Creek Project teneme
Slide 12: World Class Mineral System
WORLD CLASS MINERAL SYSTEM Fish River Fault +20km Mineralised System Vardy Zone WFDD278 Marley Zone AEON METALS | ASX:AML 12
Slide 13: Australian Copper Comparables
AUSTRALIAN COPPER COMPARABLES 6.0 Cobar, GLEN Cu= 5.6% Copper Mines and Projects in Australia 5.0 DeGrussa, SFR Cu= 4.2% Copper Equivalent Grade (% Cu Eq.) Underground OP + UG Open Pit Filled bubbles indicate operating mines. Walford Creek Cu Lode, AML Cu =1.24% 4.0 Mallee Bull, PEX Cu= 1.8% Eloise,
Slide 14: Australian Cobalt Comparables
AUSTRALIAN COBALT COMPARABLES 0.18 Walford Creek Cu Lode [AML] Laterite deposit 0.16 Walford Creek Cu Lode+Co Peripheral [AML] Sulphide deposit Millenium, Qld [GMEC] KNP Co zones, WA [ARL] Syerston, NSW [CLQ] Bubble size is according to the cobalt metal content 0.14 Mutooroo, SA [HAV] 0.12 Cobalt Gr
Slide 15: Next Steps
NEXT STEPS PROJECT DEVELOPMENT: Rescoping/rescaling assessment: » Metallurgical flowsheet associated with revised Resource. 2018 testwork underway with 1.6t of material; » Infill and expansion (along strike) drilling – 30,000m commencing April 2018; and » Seismic survey to assist drill targeting ove
Slide 16: Investment Summary
INVESTMENT SUMMARY Advanced copper and cobalt project: • Leading Australian copper development. • The highest grade significant cobalt deposit in Australia = +44kt Cobalt Leveraged to strong growth in key battery metals cobalt and copper Clear and consistent exploration model Fully funded 2018 30,00
Slide 17: Appendices
APPENDICES AEON METALS | ASX:AML 17
Slide 18: Appendix 1: Geological Model Description
APPENDIX 1: GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m ca
Slide 19: Appendix 2: Historical Holes Examples
APPENDIX 2: HISTORICAL HOLES EXAMPLES Hole WFDD150: • 22m @ 1.75% Cu, 0.21% Co and 36gt Ag from 191m Hole WFDD157: • 75m @ 1.30% Cu, 0.18% Co, 2.6% Pb, 1.9% Zn, and 81gt Ag from 236m Hole WFDD158: • 15m @ 2.11% Cu, 0.13% Co, 2.2% Pb, 2.1% Zn, and 45gt Ag from 184m Hole WFDD238: • 27m @ 3.13% Cu, 0.2
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